Obama to U.N.: world economy needs aid

Wednesday, September 21, 2011 - 01:33

Sept. 21 - U.S. President Barack Obama called for urgent and coordinated action to fix the world's economy in his address to global leaders at the United Nations General Assembly. Conway G. Gittens reports.

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As world leaders meet at the annual general assembly of the United Nations, the topic of the global economy came up.
U.S. President Barack Obama issued an urgent call for world leaders to work together as the economy is threatened, once again, just as it was during the recent financial crisis.
SOUNDBITE: UNITED STATES PRESIDENT BARACK OBAMA (ENGLISH) SAYING:
"Around the world recovery is still fragile, markets remain volatile, too many people are out of work, too many others are struggling just to get by. We acted together to avert a depression in 2009, we must take urgent and coordinated action once more."
And for those who think the problem is the West's alone, Obama issued a reminder of the lessons learned during that financial upheaval.
SOUNDBITE: UNITED STATES PRESIDENT BARACK OBAMA (ENGLISH) SAYING:
"And that crisis has proved a fact that has become clear with each passing year, our fates are interconnected. In a global economy nations will rise or fall together. And today we confront the challenges that have followed on the heels of that crisis."
One of those challenges is the spreading European debt crisis. The U.S. President re-affirmed his support for Europe's efforts to deal with that crisis and the changes that may come.
Conway Gittens, Reuters

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